Good Morning,
Due to international market support we may see a sharp bounce from 4960 till 5022
We suggest to keep at least 1% of its price as Stop Loss in All Equity Stocks.
:: Nifty Volume Watch ::
We see Nifty still forming SELL signal but a small bounce back for short term will be seen till 5022-48. This time it has generated this pattern with very good volume.
Todays PreMarket Trade:
Nifty may open gap up due to international market...
Uptrend
Buy at 4972 with StopLoss 4954
1st Target 4992
Buy again above 5006 with SL 4984
1st Target 5026 and 2nd Target 5042
Nifty if sustain above 5046 for 2-minutes than 3rd Target 5056-76.
Downtrend
Sell below 4949 with StopLoss 4966
1st Target 4926 and 2nd Target 4900
Nifty if sustain below 4924 for 2-minutes than 3rd Target 4906.
:: Be Alert ::
Safe Traders Do Intraday Trading Only with Uptrend
Positional traders can Enter Above/at 5034 Level for Target 5374 with SL 4948 in June Expiry...
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...WISHING YOU A VERY HAPPY TRADING...
